DT Stock Summary and Trading Ideas (Dynatrace | NYSE:DT)

Dynatrace is a cloud-native company that focuses on analyzing machine data. Its product portfolio, delivered as software as a service, allows a client to monitor and analyze its entire IT infrastructure. Dynatrace's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to use it for a variety of applications throughout their businesses.

Dynatrace trades on the NYSE stock market under the symbol DT.

As of April 19, 2024, DT stock price declined to $45.33 with 1,322,015 million shares trading.

DT has a beta of 1.35, meaning it tends to be more sensitive to market movements. DT has a correlation of 0.26 to the broad based SPY ETF.

DT has a market cap of $13.42 billion. This is considered a Large Cap stock.

Last quarter Dynatrace reported $365 million in Revenue and $.32 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.04.

In the last 3 years, DT stock traded as high as $80.13 and as low as $29.41.

The top ETF exchange traded funds that DT belongs to (by Net Assets): VTI, IJH, VB, VBK, VXF.

DT has underperformed the market in the last year with a return of +4.5%, while the SPY ETF gained +21.2%. In the last 3 month period, DT fell short of the market, returning -20.5%, while SPY returned +4.3%. However, in the most recent 2 weeks DT has outperformed the stock market by returning -1.4%, while SPY returned -3.5%.

DT support price is $45.44 and resistance is $47.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DT stock will trade within this expected range on the day.